Gary has a personal health insurance plan that covers his prescription drugs. The plan has a 20% co-insurance factor and a $50 annual deductible. Throughout the year, Gary accumulated $300 in eligible drug expenses. Assuming that his insurer will approve his drug expense claim, how much money will Gary receive?

Answer rating: 100% (QA)

First Gary will need to pay the annual deductible of 50 Th... View the full answer